From Range to Reality: Nailing the Final Real Estate Value
Key takeaways
A range, not a number. Hesti shows a 95 % confidence band; pinpoint your price by factoring in property specifics and comps.
Upper end renovated, well-equipped homes in prime, quiet streets.
Lower end fixer-uppers, noisy blocks or lower-grade buildings.
Checklist — location, condition, building, extras — guides your adjustment inside the band.
How the calculator works
The model mixes comparable sales with machine learning to output a central value plus a 95 % confidence range. Sparse data or unique features widen the band.
Why the range can be wide
- Few comps in that niche (e.g. loft penthouse).
- Extreme attributes – huge floor area, rooftop terrace.
- Off-market deals that never appeared as ads.
Factors that tilt you up or down
Location
- Up if central, safe, quiet, near parks & cafés.
- Down if busy road, far from amenities.
Unit condition
- Up for fresh renovation, low utilities, quality appliances.
- Down if renovation needed.
Building quality
- Up for new or refurbished structure, tidy common areas.
- Down for heavy wear or upcoming repairs.
Extras
- Balcony, parking, high ceilings push up.
- Lack of them nudges down.
- Uncooperative neighbors who are unwilling to invest in the property can also lower value.
Step-by-step to a final price
- Get the calculator’s range.
- Pull 3–5 similar sales from Hesti’s deal catalogue.
- Score the factors above.
- Adjust: add or subtract ~5–10 % per major plus/minus.
- Cross-check active listings to stay competitive.
Takeaway
Hesti’s calculator is a data-driven starting line. Fine-tune with location, condition and building checks to land on a price that sells — without leaving money on the table.
Mārtiņš Kozlovskis